XRP Price Declines Below $2.20 as Selling Pressure Increases

XRP price has declined below the $2.20 level and is showing signs of potential further losses.

XRP price fell under the $2.20 zone and the 100-hourly Simple Moving Average.
A break occurred below a bullish trend line with support at $2.180 on the hourly chart.
The price tested the $2.150 support, forming a low at $2.1425.
If trading dips below the $2.120 support, further declines may occur.

XRP Price Overview

After failing to surpass the $2.280 level, XRP experienced a downward movement like Bitcoin and Ethereum. Key levels of support were breached at $2.250 and $2.220.

The price remains below the 23.6% Fib retracement level from $2.335 to $2.145.

XRP Price

Resistance levels include:

$2.1880
$2.20
$2.240 (50% Fib retracement)
$2.280
$2.320
$2.350
$2.40 (major hurdle)

Potential Losses

If XRP does not break through the $2.220 resistance, initial support is at $2.150, followed by major support at $2.120.

Should it close below $2.120, the price could continue declining toward $2.050, with another significant support near $2.020.

Technical Indicators

Hourly MACD indicates a bearish trend.
Hourly RSI is below the 50 level.
Major support levels are at $2.150 and $2.120.
Major resistance levels are at $2.20 and $2.220.